Praveen Paramasivam

Nike sales crimped by pandemic, shipping issues; forecast disappoints

Mar 18 2021

Nike Inc's quarterly sales missed estimates due to shipping issues and a pandemic-related slump at brick-and-mortar stores, and investors were disappointed by the world's biggest athletic shoe maker's full-year revenue forecast.

Harsh winter, pandemic dampen Poshmark's first-quarter sales forecast

Mar 11 2021

Poshmark Inc on Thursday forecast first-quarter revenue below expectations, saying the online marketplace for secondhand goods struggled with deliveries due to a harsh winter and restrictions related to the COVID-19 pandemic.

HBC to launch Saks Fifth Avenue's online business as separate entity

Mar 05 2021

HBC, the owner of Saks Fifth Avenue, said on Friday it would launch the luxury department store's e-commerce segment as a separate business following a $500 million infusion from U.S. private equity firm Insight Partners in the online business.

Dollar Tree to introduce more one-stop stores during pandemic

Mar 03 2021

Dollar Tree will reshuffle aisles of discount stores that normally focus on discretionary goods, adding more items such as groceries and toilet paper, to pull in a higher number of consumers who want to do all their shopping under one roof.

Online demand lights up Kohl's holiday quarter, bets on activewear for growth

Mar 02 2021

Kohl's Corp posted holiday-quarter profit and sales beyond market expectations on Tuesday, as it reined in costs and Americans loaded their online shopping carts with not just essentials but also leisure goods.

Rising competition, pandemic costs take slice out of Domino's profit

Feb 25 2021

Domino's Pizza Inc on Thursday posted a slowdown in quarterly same-store sales growth, as stiff competition from rival fast-food chains, an uptick in indoor dining trends and pandemic-related costs ate into its business.

Tyson Foods shares drop as quarterly sales miss estimates

Feb 11 2021

Tyson Foods Inc reported lower-than-expected first-quarter sales on Thursday amid weak meat demand at restaurants during the pandemic, sending shares down as much as 7.5%.

Under Armour forecasts higher Q1 revenue on full-price push, posts surprise profit

Feb 10 2021

Under Armour forecast first-quarter revenue above estimates on higher sales at full price, as a strong Asia-Pacific and online performance helped it post a surprise holiday-quarter profit on Wednesday, sending its shares up 10%.

World News